A spike in property registrations and sales, following the announcement of twin sops for aspiring homebuyers in this year’s state budget, has led Kolkata-based developers to expect record sales in 2021. A whopping 39,832 property registrations had been completed in the City of Joy, Kolkata, between January and October this year.
The figure is a little more than double of 19,876 of the corresponding phase last year.
Property Rates is nothing but the rate at which the current market has valued a piece of land, real estate or any property that is tangible. This is the benchmark against which builders, lenders and actual home buyers and sellers’ price their own property and thereby negotiate the final price.
In this context, what is under purview are the current property rates in the Kolkata Metropolitan Region.
The table below reflects the price per sq. ft. in some of the prominent locations in Kolkata.
Emerging as a major IT industrial hub, New Town experiences a high demand from millennials, especially IT professionals. This Kolkata locality is, hence, pegged at No. 1 for rental accommodations in Kolkata. One can mostly find a plethora of 1 BHK and 2 BHK flats in New Town, Kolkata. The rent is between Rs.8,000 and Rs.12,000 per month, and with a 3 BHK, it can go up to Rs.17,000 also.
Investing in residential and commercial complexes on EM Bypass can result in a significant rental yield as well as attractive returns at the point of a future sale. Flats on EM Bypass that attract well-heeled city dwellers are available for about Rs.2.5 crore.
The southern suburb of Garia-Patuli in Kolkata is well-connected to commercial centres in the city. The locality offers under-construction and ready-to-move-in homes. For those wondering what are property rates in this area are, it is Rs. 2,900-5,500 per square foot.
The average price of 1 BHK, 2 BHK, and 3 BHK properties is Rs.17 lakh, Rs.34 lakh, and Rs.56 lakh, respectively.
Jadavpur is yet another prominent locality in South Kolkata locality known for its proximity to Jadavpur University. Buying a property in Jadavpur would mean being close to areas, such as Jodhpur Park, Dhakuria, Gariahat, Garia, Tollygunge, and Bagha Jatin.
The average prices for multi-story apartments here range between Rs.3,800 per sq. ft and Rs.6,550 per sq. ft.
One can finance their dream home or meet sky-high commercial property rates with a property loan from Bajaj Housing Finance.
The perks are quick disbursals, hassle-free loan processing, flexible tenors, and doorstep services.
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Last update on 11-Mar-2021
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